PCGS survival estimate

Discussion in 'Coin Chat' started by sshafer11, Oct 22, 2014.

Page 2 of 2
  1. jwitten

    jwitten Well-Known Member

    Nah, I think their wording is pretty clear. If you wanna know for sure you can do it
     
    jwitten, Oct 23, 2014
    #21 + Quote Reply
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. sshafer11

    sshafer11 Head Research Assistant - Coin Show Radio

    I don't think the wording is clear at all, and this is my problem with it. They say it includes raw and slabbed coins in any grade. Does "details" actually count as a "grade."

    And the thing is this is actually pretty critical for some coins. For instance I have an NGC VF30 1866-S Half Dime. According to NGC coin explorer very few of these coins are left gradable because many were made into jewelry. PCGS coinfacts says 300 survive which makes sense with what NGC is saying. But the key fact remains is the survival number "problem free" coins? If someone goes and buys one for $15 with a hole on it and puts it up on eBay and says this coin is one of only 300 KNOWN TO EXIST SUPER RARE!!++* are they really being accurate and fair?

    I think the whole idea of survival rate is fantastic but I just wish they would specifically classify whether or not problem coins count in the total. My feeling is that the number only represents gradable pieces but I cannot confirm that and it really bothers me. Hence the reason for this post
     
    sshafer11, Oct 23, 2014
    #22 + Quote Reply
  4. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    1-800-447-8848
     
    Chiefbullsit, Oct 24, 2014
    #23 + Quote Reply
    Catbert likes this.
  5. jwitten

    jwitten Well-Known Member

    No, they do not say slabbed in any grade. They say all raw and certified. Certified does not mean it has a solid grade.
     
    jwitten, Oct 24, 2014
    #24 + Quote Reply
  6. GDJMSP

    GDJMSP Numismatist Moderator

    But they do specifically say - ALL GRADES. Problem coins do not have a grade. And if they have no grade, then how can they be included ?
     
    GDJMSP, Oct 24, 2014
    #25 + Quote Reply
  7. jwitten

    jwitten Well-Known Member

    Not worded like sshafer11 posted. It says it includes ALL RAW. Not all raw have grades (none of them do). Call them if you would like.
     
    jwitten, Oct 24, 2014
    #26 + Quote Reply
  8. GDJMSP

    GDJMSP Numismatist Moderator

    Sorry, but raw coins DO have grades. The only coins that DO NOT have grades are problem coins - and that includes both those raw and slabbed.
     
    GDJMSP, Oct 24, 2014
    #27 + Quote Reply
  9. jwitten

    jwitten Well-Known Member

    It only has a grade if one is given to it. It always has a condition, but it is not graded unless it is graded.
     
    jwitten, Oct 24, 2014
    #28 + Quote Reply
    bugo likes this.
  10. GDJMSP

    GDJMSP Numismatist Moderator

    Ahhhhhhh - so if you crack a coin out if a slab the grade just disappears huh ? :rolleyes:

    Think about what you are saying for a minute, of course raw coins have a grade. A grade is nothing more than a number used to describe the condition of the coin. And the coin has a condition, it has a grade, whether it is an TPG slab or not.

    I will repeat, the only coins that do not have grades are problem coins because problem coins cannot be graded. All other coins, slabbed or raw, do have grades.

    And before you want to say that's not so again, you might want to read the CDN for even they say that raw coins have grades.
     
    GDJMSP, Oct 24, 2014
    #29 + Quote Reply
  11. jwitten

    jwitten Well-Known Member

    To grade a coin is to rate it. NGC has details grades. They still call it a grade. PCGS has estimates of all coins, not just problem free. Deal with it.
     
    jwitten, Oct 24, 2014
    #30 + Quote Reply
  12. GDJMSP

    GDJMSP Numismatist Moderator

    Mmmm, no, they don't. What they say is the coin is a problem coin with no grade, but that it does have details similar to a coin graded XX.

    I have freely admitted that may, stress may, be the case, and that I don't know if they do or not since the beginning of this conversation.

    The point I have recently been disagreeing with you about is that raw coins do have grades, while you have been claiming they do not have grades. On that point, I am sorry, but you are mistaken.
     
    GDJMSP, Oct 25, 2014
    #31 + Quote Reply
    sshafer11 likes this.
Page 2 of 2
Draft saved Draft deleted

Share This Page